Macfarlanes advises the private debt team on their spin-out from BlueBay Asset Management

06 June 2019

Macfarlanes has advised the BlueBay Private Debt team in connection with their becoming independent. BlueBay’s Private Debt business was established in 2011 and has grown into a market leading, largely stand-alone business.

Having provided investment, private equity manager Dyal Capital Partners will also hold a minority, passive equity interest. The transaction is expected to complete in Q3 2019, subject to regulatory and other approvals.

The Macfarlanes team was led by M&A partner Luke Powell with assistance from a large team of partners and associates across the firm including investment management partner Alex Amos, tax partner Jeremy Moncrieff, finance partner Andrew Perkins, real estate partner Tom Pedder, commercial partner Will Hedges and employment partner Seán Lavin. 

The team worked alongside Fried, Frank, Harris, Shriver & Jacobson (acting for BlueBay) and Willkie Farr & Gallagher (acting for Dyal Capital Partners).

Luke Powell comments: “Extracting a business like this is always complicated and we were really pleased that so many areas of the firm were able to help Anthony Fobel and his team in moving to their exciting next stage of development.”

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